Which payment gateway is available in Bolivia?

15 May 2024

The more online stores open, the more online transactions a country experiences. The remarkable thing here is that the Internet is becoming increasingly widespread, allowing us to shop anywhere as long as there is an online payment gateway that accepts credit, e-wallet, or any other online transaction method. Bolivia is no exception. Let's explore PayCEC which payment gateway is available in Bolivia. Below are some popular payment gateways in this region.

• PayCEC: To describe PayCEC, there are no words other than "Comprehensive." PayCEC is well-known for being one of the fastest plugins to integrate into websites, with the lowest transaction fees. The PayCEC team is highly skilled in providing quick advice and integration for customers. Therefore, this payment gateway should be listed first.
• Pago Seguro: This Brazilian payment gateway has now expanded its business into Bolivia. It is widely used due to its efficient payment processing capability.
• TodoPago: BBVA is one of the largest and most reputable banks in Bolivia. With its multi-payment method acceptance and inherent credibility, this is also a payment gateway worth mentioning.
• Getnet: For the Latin American community in Bolivia, Getnet is a preferred choice. This payment gateway is known for its ability to support multiple currencies and integrate with many banks to issue cards.
• PayU Latam: Indian-based payment brands also see potential in Bolivia. Although not as powerful as the aforementioned gateways, PayU Latam's fast payment capability using QR codes is undeniable.

In addition to the top 4 mentioned payment gateways, there are other gateways that are growing and are preferred by some online sellers in Bolivia.

Of note is the Bolivia Payment Network (BPN). Anyone in Bolivia is likely to know about this gateway, as it is the national payment network. Following this, you might also be familiar with Nequi—a digital bank that provides debit and online payment services. Or you might want to consider Yaigo, a payment gateway for in-store purchases, which requires only a smartphone.

Since we've suggested the best Bolivia payment gateways, let's summarize the five factors to consider for your buying and selling account:

• Consider transaction fees: Each payment gateway has special features and different fee structures, so businesses need to compare them thoroughly.
• Choose a payment gateway with a wide range of payment methods: Since not only people in Bolivia shop, but many people from around the world do too, choosing a gateway with multiple payment options ensures smoother transactions without missing any payment forms.
• Consider the features of the payment gateway: Look into additional payment features, invoicing, fraud protection, and other benefits to choose the gateway that meets your needs.
• Check which payment gateway offers the fastest online support. Not every payment gateway can resolve transaction issues within a day like PayCEC, so we want to recommend this gateway to you.

With the information provided, PayCEC hopes to give readers a comprehensive view of payment gateways in Bolivia. If you have any questions, feel free to contact us for answers.